On Tuesday, May 14, 2024, the focus is likely to be on the following penny stocks:
1. Jyoti Structures: The stock saw heavy buying and surged to a 5 per cent upper circuit, reaching an intraday high of Rs 25.50 per share on NSE. Jyoti Structures Limited, established in 1974, is involved in electricity transmission, distribution, and substation.
2. MIRC Electronics: This scrip experienced significant buying activity, resulting in a 5 per cent upper circuit lock, with an intraday high of Rs 24.90 per share on NSE. MIRC Electronics Ltd, founded in 1981, manufactures and trades consumer electronic products.
3. DRC Systems India: The stock witnessed a solid price volume breakout, rallying to a 10 per cent upper circuit and achieving an intraday high of Rs 19.25 per share on NSE. DRC Systems India Ltd, incorporated in 2012, is an IT services and consultancy company.
In today’s trading session, the broader market displayed mixed performance with Nifty Mid-Cap closing higher by 0.41 per cent, while Nifty Small-Cap declined by 0.43 per cent. Some sectors like Nifty Pharma, Nifty Metal, and Nifty Realty closed positively, whereas Nifty Auto, Nifty PSU Bank, and Nifty Energy were among the top losers.
Overall market sentiment showed positivity, with 1,707 stocks advancing compared to 2,254 stocks declining. It is important to note that the article is for informational purposes only and not investment advice.